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​Global LED Services Market To Reach US$22.42 bn by 2025

The report on global LED services market provides analysis for the period of 2015 to 2025, wherein 2016 is the base year and the 2017 to 2025 would be the forecast period. Data for 2015 has been included as historical information. The report covers all the prevalent trends and LED projects playing a major role in the growth of the LED service market over the forecast period from 2017 to 2025. It also highlights the various drivers, restraints, and opportunities expected to influence the market’s growth during the forecast period. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Mn) across different geographies, which are North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

The report also provides market attractiveness analysis for all the segments for all the geographies in the scope of study which identifies and compares segment’s market attractiveness on the basis of CAGR and market share index. The report also includes key industry developments that have taken place in the global LED services market over the past years. Porter’s Five Forces analysis is also included in the report for analyzing various factors affecting market growth.

LED services market includes lighting services such as installation/design/maintenance/others provided by commercial electrical/lighting contractors and integrated solution providers. The report scope considers revenue estimates for earnings from sale of lighting projects (installation/design/maintenance/others) by such vendors. The study also excludes consideration of retrofitting revenue and LED module revenue from its scope. The demand for LED lighting is increasing significantly across various application segments. Rising adoption within the public lighting application segment is one of the primary growth drivers for the LED Services Market. Furthermore, increasing environmental awareness, need of energy efficient lighting, and favorable government regulations is also anticipated to fuel demand for the LED lighting products during the forecast period.

Global LED Services Market: Market Segmentation

The research report provides in-depth analysis of the global LED service market on the basis of applications. The LED services market is segmented on the basis of application into Residential (Home), Public Lighting (outdoor), Business Lighting (Indoor). The Public Lighting (Outdoor) is further divided into smart lighting and street lighting whereas Business Lighting (Indoor) is further segmented into government and private.

In terms of geographical regions, the report segments the LED services market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. Country level analysis (for major countries) is also provided for all these regions. All the regions and countries are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global LED services market in terms of market estimates and forecasts for all segments across different geographic regions and countries. The countries included into the report are North America – the U.S., Canada; Europe – the U.K., Germany, France, Spain, Romania, Italy; Asia Pacific – China, Japan, India, Indonesia; Middle East & Africa (MEA) – UAE, Saudi Arabia, South Africa; South America – Brazil, Argentina, Chile, Colombia, Peru.

The report also includes competitive profiling of major players engaged in device manufacturing and service offerings for LED. The major business strategies adopted by these players, their market positioning, and business overview have also been identified in the research report. The report also provides competition landscape which include competition matrix, market share analysis of major players in the LED services into leading players, prominent players and emerging players. Competition matrix section benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow.

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